by FreddyH » Fri 11 Apr 2008, 21:36:11
$this->bbcode_second_pass_quote('mkwin', 'T')his just highlights the fact peak oil is not really an energy problem it is a liquid fuel problem.
I see many alternatives in the medium to long term for low carbon energy such as 3rd and 4th generation nuclear, fusion, solar film, CSP, wind, tidal turbines. Wind kites, geothermal and hot rock. Plus, in general, gas and coal are plentiful.
The problem is not really energy. The problem is the reliance of transport on oil. If oil goes into decline soon (next 10 years or so) the potential discontinuities make plenty of doom scenarios plausible. I believe, however, that Campbell et al are overly pessimistic and URR is more likely to be around 2600 billion barrels so the decline will be more of a, gradually declining, bumpy plateau. High oil prices, economic problems but not the end of the world. Not yet anyway.
Your interpretation is one that is becoming more clear all things considered. As mentioned in another thread this week, the TrendLines Avg of the 23 production profile scenarios (with its 3.9-Tb URR) projects that this year's flow rate (87-mbd) will not be breached until 2029 AD ... reflecting a 92-mbd Peak in 2019.